25 Sixth Street
Update
07/01/22
$20M in Financing Secured for Affordable Chelsea Multifamily Project
The Neighborhood Developers have closed on a $20,500,000 loan from Silicon Valley Bank for 25 Sixth Street in Chelsea. Plans for the site call for 62 affordable residences a mix of 56 apartments and 6 new homeownership units. Property amenities will include a community room, a 4,000 square foot outdoor public space on the second level, 40 at-grade parking spaces, common laundry facilities on three floors and public bicycle parking. The development’s architectural details will emphasize energy efficiency, with details designed to meet the standards for Passive House Certification.
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